Arrow Electronics, Inc. (NYSE:ARW) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in shares of Arrow Electronics, Inc. (NYSE:ARW - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,268,600 shares of the technology company's stock after selling 34,900 shares during the period. LSV Asset Management owned approximately 4.31% of Arrow Electronics worth $256,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Arrow Electronics by 4.0% during the third quarter. HighTower Advisors LLC now owns 18,501 shares of the technology company's stock valued at $2,461,000 after buying an additional 717 shares during the last quarter. State Street Corp increased its holdings in shares of Arrow Electronics by 0.3% in the third quarter. State Street Corp now owns 1,689,695 shares of the technology company's stock valued at $224,442,000 after purchasing an additional 4,811 shares during the period. Jane Street Group LLC raised its stake in shares of Arrow Electronics by 27.9% in the third quarter. Jane Street Group LLC now owns 11,497 shares of the technology company's stock worth $1,527,000 after purchasing an additional 2,509 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Arrow Electronics during the third quarter worth about $214,000. Finally, MML Investors Services LLC boosted its position in Arrow Electronics by 5.8% in the third quarter. MML Investors Services LLC now owns 13,142 shares of the technology company's stock valued at $1,746,000 after buying an additional 720 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director William F. Austen purchased 1,900 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $104.12 per share, with a total value of $197,828.00. Following the purchase, the director now directly owns 7,858 shares in the company, valued at approximately $818,174.96. This represents a 31.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Yun Sung Cho sold 353 shares of Arrow Electronics stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at approximately $173,658.39. The trade was a 18.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Arrow Electronics Price Performance

ARW stock traded up $0.41 during mid-day trading on Tuesday, reaching $100.41. 274,238 shares of the company's stock were exchanged, compared to its average volume of 467,689. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. Arrow Electronics, Inc. has a 12-month low of $86.50 and a 12-month high of $137.80. The stock's 50 day moving average is $104.96 and its 200 day moving average is $115.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.08.

Arrow Electronics (NYSE:ARW - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, research analysts expect that Arrow Electronics, Inc. will post 10.57 EPS for the current year.

Analysts Set New Price Targets

ARW has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Bank of America lowered shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $121.25.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.